SUPPLEMENTAL AGREEMENT BETWEEN INFO-ACCENT SDN BHD AND SUNWAY TECHNOLOGY DEVELOPMENTLIMITED
Exhibit 10.2
BETWEEN
INFO-ACCENT SDN BHD
AND
SUNWAY TECHNOLOGY DEVELOPMENTLIMITED
This Supplemental Agreement to that certain Patent Purchase Agreement dated June 27, 2011, (the “Purchase Agreement”), is made this 3rd day of August, 2011 (the “Effective Date”).
BETWEEN:
INFO-ACCENT SDN BHD (“IASB”)
A-1-5 Jaya One
00X Xxxxx Xxxxxxxxxx
00000 Xxxxxxxx Xxxx
Xxxxxxxx
Xxxxxxxx
AND:
SUNWAY TECHNOLOGY DEVELOPMENT LIMITED (“STDL”)
Room 0000 Xxxxxx Xxxxx
111 How Ming Street
Xxxx Xxxx
Hong Kong
Whereas the parties wish to vary clause 3.3 of the Purchase Agreement.
NOW THEREFORE, the parties agree as follows:
1.
PURCHASER DELIVERABLES
1.1
STDL agrees to accept 1,000,000 unregistered shares of restricted common stock of Global MobileTech, Inc., a Nevada corporation, at $1.00 per share as part payment of the purchase price.
1.2
The shares to be issued to STDL are exempt from registration statement requirements of the Securities Act of 1933 by virtue of Section 4(2) thereof and Regulation D and/or Regulation S promulgated thereunder, as transactions by an issuer not involving a public offering.
1.3
IASB shall cause its holding company, Global MobileTech, Inc., to issue 1,000,000 shares of restricted common stock to STDL or its nominees. STDL shall furnish to Global MobileTech, Inc. the names and addresses of its nominees within seven business days from date of this Agreement.
2.
ENTIRE AGREEMENT
This Supplemental Agreement, together with the Purchase Agreement, constitutes the final, complete and exclusive statement of the agreement between the parties pertaining to their subject matter and supersedes any and all prior and contemporaneous understandings or agreements of the parties.
3.
INCONSISTENCY
In the event of any conflict between this Supplemental Agreement and the Purchase Agreement, the terms of this Supplemental Agreement shall govern.
Sunway Technology Development Limited
Info-Accent Sdn Bhd
By:
/s/ Rohaya Rahim
By:
/s/ Aik Fun Chong
Rohaya Rahim
Aik Fun Chong
Chief Operating Officer
Chief Executive Officer
Agreed and accepted by:
By:
/s/ Xxxxxxx Xxxx
Xxxxxxx Xxxx
Director
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